How Long does it take for large CC payments to show an ef...

How Long does it take for large CC payments to show an ef...

How Long does it take for large CC payments to show an effect on your Fico Score.... Thanks in advance Im still trying to get a grip on this whole Micro Managing of My Fico Scores..Also what is the best method of constant or regular monitoring of my Fico scores

Re: How Long does it take for large CC payments to show an ef...

I was wondering the same thing. I recently paid a maxed out credit card to less than 10%. However, the same day, the credit card reported to the bureaus so I was too late for this month. The credit card still looks maxed out. The next time the CC reports my balance will be early May. My prepayment penalty expires in late June and I will be refinancing then. When the CC reports my credit card as less than 10% utilization next month, will that be plenty of time for a positive effect on my FICO before I refinance in June?

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FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.